Printable version
Email this to a Friend
Tech company listed on AIM
01 Aug 2008
ACQUISITION: MarineTrack Holdings has moved into the London's Alternative Investment Market (AIM) through a 'reverse aquisition' by XSN - a 'cash shell' already listed on AIM.
MarineTrack supplies high tech integration of tracking, alert, alarm, monitoring and messaging solutions to the commercial and recreational maritime markets.
The company utilises GPS to identify the location and movements of marine vessels, as well as monitoring their operational status against pre-determined parameters.
Information is transmitted via the INMARSAT satellite network and presented to users via a web-based interface. The company name will change to MarineTrack Holdings PLC and shares will begin trading on AIM under the ticker symbol MTRK.
